Ex-Goldman trader reopens hedge fund

Hedge Fund

Guard Capital Management, the firm led by former Goldman Sachs trader Leland Lim, reopened its macro hedge fund to new investors this month after outperforming peers in 2015, said a person with knowledge of the matter.

Bloomberg News reports that the company also hired Don Hanna, who ran the Asia office of Roubini Global Economics, and Michael Stenske, a former Ernst & Young partner, said the person, who asked not to be identified as the information is private. Guard’s fund returned 8.1% last year, said two people familiar with the firm. Since its inception in August 2014, investor inflows helped assets surge from $50m to $1.1bn, the people said.

Guard outperformed in a year when many funds seeking to profit from broad trends in the currency, stock, bond and commodity markets stumbled, including Brevan Howard Asset Management, whose main macro hedge fund lost money in 2015. Macro hedge funds on average gained 1.7% last year, according to preliminary data from Eurekahedge Pte.

To access the complete Bloomberg News article hit the link below:

Ex-Goldman Macro Trader Lim Reopens $1.1 Billion Hedge Fund

European Bank Stocks Rewind to 2012 as Draghi Rally Wanes: Chart

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts